Miami, FL 33135 · multi_family · For Sale · 63 days on market
Asking price$1,340,000
3 beds 7 baths 1,364 sqft
Suggested offer$476,377$863,623 above the est. market value of $476,377.
View on Realtor.com →
Listed by Milena Mitraud · Sanmo Realty, Inc
Typemulti_family
Built1949
Price / sqft$982
Est. value (own analysis)$476,377
Rent estimate (building total, own analysis)$4,150/mo
HOANone
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-01
Removed date
MLSMiamiMLS #A12046472
Coordinates25.76275, -80.23615
Address
CityMiami
StateFL
Zip33135
Listing ID5884784277
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33135)

Typical home value (ZHVI)$531,790
Typical rent (ZORI)$2,051/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Purchase price$1,340,000
Down payment (20.0%)$268,000
Loan amount$1,072,000
Closing costs (5.0%)$67,000
Total cash to close$335,000
Rent (estimate)$4,150$49,806
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$49,806
Vacancy rate (assumption) assumption8.0%

$49,806 × 8.0% = $3,984

Effective gross income$3,818$45,821
Property tax (placeholder 1.9% of price)$2,122$25,460
Insurance (placeholder 0.8% of price)$893$10,720
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$208$2,490
Total operating expenses$3,223$38,670
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$45,821
Total operating expenses derived$38,670

$45,821 − $38,670 = $7,151

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,072,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,072,000 amortized at 6.7% over 30 years = $6,889/mo

CapEx reserve (5.0% of GSR)$208$2,490
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$7,151
Annual debt service derived$82,668
Annual CapEx reserve assumption$2,490
Annual PMI assumption$0

($7,151 − $82,668 − $2,490 − $0) ÷ 12 = -$6,501

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$7,151
Purchase price data$1,340,000

$7,151 ÷ $1,340,000 = 0.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$78,007
Total cash to close derived$335,000

-$78,007 ÷ $335,000 = -23.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$7,151
Annual debt service derived$82,668

$7,151 ÷ $82,668 = 0.09

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$49,806
Purchase price data$1,340,000

($49,806 ÷ 12) ÷ $1,340,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,340,000
Gross scheduled rent (annual) comp$49,806

$1,340,000 ÷ $49,806 = 26.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$38,670
Effective gross income derived$45,821

$38,670 ÷ $45,821 = 84.4%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$38,670
Annual debt service derived$82,668
Annual PMI assumption$0
Gross scheduled rent (annual) comp$49,806

($38,670 + $82,668 + $0) ÷ $49,806 = 243.6%

Comparables

Widened to city-wide. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
multi_family321,000$2,9002026-08-18

4785 NW 2nd St

Miami, 33126 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,000
Listed2026-08-18
Days on market

Asking rent: $2,900

View on Zillow →

Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
1200 SW 31st Avemulti_family2,079$1,050,0002026-08-31
3501 SW 12th Stmulti_family2,430$930,0002026-08-28
3431-3433 SW 4th Stmulti_family3,429$1,150,0002026-08-28
3230 SW 4th Stmulti_family4,135$1,130,0002026-08-10
700 SW 33rd Avemulti_family522,648$1,355,0002026-08-03
333 SW 30th Avemulti_family2,231$730,0002026-08-03
2416 SW 12th Stmulti_family422,588$867,5002026-07-31
240 Beacom Blvdmulti_family422,540$500,0002026-07-29
2600 SW 2nd Stmulti_family2,625$700,0002026-07-27
1233 SW 13th Avemulti_family665,136$1,555,0002026-07-22
1487 SW 4th Stmulti_family884,480$2,000,0002026-07-21
2722 SW 5th Stmulti_family441,952$870,0002026-07-09
2930 SW 11th Stmulti_family441,986$882,0002026-07-02
3300-3302 SW 10th Stmulti_family3,282$844,0002026-06-30
120 SW 20th Avemulti_family662,304$881,2502026-06-26
3270 SW 7th Stmulti_family2,752$960,0002026-06-18
1232 SW 30th Plmulti_family1,344$738,0002026-06-15
710 SW 33rd Avemulti_family2,982$1,355,0002026-06-15
414 SW 15th Avemulti_family$1,200,0002026-06-11
1212-1214 SW 30th Ctmulti_family1,623$775,0002026-05-29
900 SW 22nd Avemulti_family421,832$650,0002026-05-22
1293 SW 22nd Avemulti_family532,025$1,140,0002026-05-19
200 SW 20th Avemulti_family641,990$666,0002026-05-19
2101 SW 6th Stmulti_family843,250$975,0002026-05-13
901 SW 34th Avemulti_family1,392$580,0002026-05-05
2222 SW 2nd Stmulti_family532,769$550,0002026-04-27
2915 SW 4th Stmulti_family2,320$875,0002026-04-15
1721 SW 11th Termulti_family844,461$1,520,0002026-04-02
635 SW 19th Avemulti_family553,419$855,0002026-04-01
1666-1668 SW 9th Stmulti_family2,212$980,0002026-03-25
1334 SW 4th Stmulti_family2,651$725,0002026-03-24
950 SW 13th Ctmulti_family2,068$738,0002026-03-19
327 SW 13th Avemulti_family3,381$1,100,0002026-03-16
1345 SW 3rd Stmulti_family1264,548$1,650,0002026-02-24
1632 SW 7th Stmulti_family652,793$5,550,0002026-01-23
1642 SW 7th Stmulti_family883,180$5,550,0002026-01-23
1558 SW 3rd Stmulti_family1044,414$754,4252026-01-07
2472 SW 10th Stmulti_family763,782$3,040,0002026-01-06
312 SW 32nd Avemulti_family2,960$950,0002025-12-22
1554 SW 5th Stmulti_family$2,287,5002025-12-18
1640 SW 4th Stmulti_family552,395$4,250,0002025-12-18
415 SW 32nd Avemulti_family885,682$2,682,4002025-12-01
417 SW 32nd Ave Apt 4multi_family885,682$2,682,4002025-12-01
2737 SW 2nd Stmulti_family885,188$1,600,0002025-12-01
3340 SW 7th Stmulti_family2,549$840,0002025-11-30
1475 SW 7th Stmulti_family843,638$1,150,0002025-11-26
831 SW 14th Avemulti_family3,356$820,0002025-11-21
1678 SW 11th Stmulti_family4,900$1,200,0002025-11-18
2916-2918 SW 3rd Stmulti_family2,388$835,0002025-11-12
2500 SW 11th Stmulti_family2,550$875,0002025-11-12

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
1274 SW 5th Stsingle_family321,170$749,999
3130 SW 6th Stsingle_family332,350$815,000
2353 SW 4th Stsingle_family321,765$865,000
2260 SW 5th Stsingle_family321,328$640,000
3080 SW 5th Stsingle_family311,534$599,999
1831 SW 10th Stsingle_family321,876$780,000
3640 SW 11th Stsingle_family321,595$822,000
2752 SW 11th Stsingle_family331,620$750,000

10-year hold projection

IRR-5.7%
Equity multiple0.05x
Total return (10yr)-$142,093
YearProperty valueNOICash flowLoan balanceEquity
1$1,380,200$7,151-$78,007$1,060,377$319,823
2$1,421,606$7,559-$77,661$1,047,956$373,650
3$1,464,254$7,984-$77,300$1,034,682$429,572
4$1,508,182$8,427-$76,923$1,020,497$487,685
5$1,553,427$8,888-$76,529$1,005,337$548,090
6$1,600,030$9,368-$76,117$989,136$610,894
7$1,648,031$9,867-$75,688$971,823$676,208
8$1,697,472$10,388-$75,240$953,321$744,151
9$1,748,396$10,929-$74,773$933,548$814,848
10$1,800,848$11,493-$74,285$912,418$888,430
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.